Quick facts: Fort washington, PA

Quick Facts

101.5
Cost of Living
above US average
6,312
Population
15.84
Crime Rate per 1000
below US average
$140,455
Median Income
above US average
$699,000
Median House Price
above US average
$1987.5
Average Rent
above US average
2%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $140,455.

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Income Needed to Buy

βœ— Stretch
$219k/year
Based on $699,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $219k vs median $140,455
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Income Needed to Rent

βœ“ Affordable
$85k/year
Based on $1987.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($140,455) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort washington, PA

Fort Washington is a suburban community located in Montgomery County, Pennsylvania, just 20 miles north of Philadelphia. This charming area is known for its picturesque landscapes, historic sites, and a blend of residential and business developments. The area features several parks, including Fort Washington State Park, which offers hiking trails and natural beauty along the banks of the Wissahickon Creek. The town has a history dating back to the American Revolution, named after a temporary fort that was built during the war. Today, Fort Washington is a family-friendly enclave, providing a mix of suburban tranquility and accessibility to urban amenities. The local school system is highly regarded, making it an appealing choice for families. Conveniently situated near major highways, including the Pennsylvania Turnpike, Fort Washington offers easy access to Philadelphia and other surrounding areas. The community hosts various shops and restaurants, along with business centers, contributing to its vibrant local economy. Overall, Fort Washington combines a rich historical backdrop with modern living.

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